Rodgers Brothers Inc. Boosts Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Rodgers Brothers Inc. grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,675 shares of the restaurant operator’s stock after buying an additional 5,275 shares during the quarter. Rodgers Brothers Inc. owned 0.15% of Cracker Barrel Old Country Store worth $1,780,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $2,526,000. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth $11,711,000. Charles Schwab Investment Management Inc. boosted its position in shares of Cracker Barrel Old Country Store by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Good Life Advisors LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth $404,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $256,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Ratings Changes

CBRL has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Bank of America boosted their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Trading Down 3.1 %

Shares of CBRL stock opened at $40.02 on Monday. The company has a market capitalization of $890.97 million, a price-to-earnings ratio of 22.11, a PEG ratio of 8.36 and a beta of 1.57. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $49.24 and a 200 day moving average price of $49.42. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $73.20.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 62.11%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.